In line with the promises made in the period prior to the elections, the president of the United States, Donald Trump, has announced plans to impose a rate of 25 percent to two neighboring countries, Canada and Mexico. The United States is likely to also consider similar measures for China. The president of the United States cited several reasons, including illegal immigration, drug smuggling and the mass subsidies that the United States gives to Canada and Mexico in the form of deficit for tariffs.
“I will put the 25 percent rate in Canada and, separately, 25 percent in Mexico. We will really have to do it because we have very large deficits with those countries. Those rates may or may not increase over time,” said the president, “said the president.” Trump said.
Will oil exports attract the rate?
In response to a question if it would include oil between articles subject to tariff Adequate price, if they treat us properly, what they do not. “
He claimed that Mexico and Canada “have never been good” for the United States in commerce, and added that the two countries have treated the United States “very unfairly” in commerce.
Trump stressed that the United States will invent it “very fast” as “does not need” the products they have.
He added: “We have all the oil you need. We have all the trees you need, which means wood. We have more than anyone in those two categories. In oil, we have more than anyone.”
Trump said that the United States does not need anyone’s trees, since it already has ‘great wood in this country’. He added: “We have to release them environmentally, what I can do very quickly.”
China can also be subjected to rates
The president of the United States also said that he is considering measures against China to send fentanil to the United States. He blamed Chinese exports as he said: “Because of that, they are causing us hundreds of thousands of deaths. China will end up paying a rate also for that. We are in the process of doing it. We will make that determination of what will be.”
In particular, fentanyl is an addictive synthetic opioid, and presents the most fatal drug threat in the country, according to the United States drug control administration (DEA).
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